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Analysts Offer Insights on Technology Companies: Cloudflare (NET) and Sprout Social (SPT)

Tipranks - Tipranks - Sat Aug 8, 1:58AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cloudflare (NET) and Sprout Social (SPT) with bullish sentiments.

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Cloudflare (NET)

In a report released today, Jonathan Ho from William Blair maintained a Buy rating on Cloudflare. The company’s shares closed last Thursday at $284.43.

According to TipRanks.com, Ho is a 5-star analyst with an average return of 12.8% and a 57.3% success rate. Ho covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tyler Technologies. ;'>

Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $276.52, implying a -2.4% downside from current levels. In a report issued on July 31, TipRanks – PerPlexity also upgraded the stock to Buy with a $322.00 price target.

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Sprout Social (SPT)

Needham analyst Scott Berg maintained a Buy rating on Sprout Social today and set a price target of $14.00. The company’s shares closed last Thursday at $8.19.

According to TipRanks.com, Berg is ranked 0 out of 5 stars with an average return of -3.4% and a 44.6% success rate. Berg covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Klaviyo, Inc. Class A, and Bill.com Holdings. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Sprout Social with a $10.00 average price target, a 22.1% upside from current levels. In a report issued on July 29, TipRanks – xAI also upgraded the stock to Buy with a $9.50 price target.

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